Gold Flat on Firm USD, China Trade Tensions Continue + Commodities $GLD, $SLV, $USD, $PLAT, $PALL, $USO, $OIL, $SOY, $CORN, $WEAT In Asia Gold was steady Tuesday on US-China trade tensions after $200-B of tariffs came into effect, investors stay on the sidelines ahead of the FOMC policy meeting. Spot gold was barely changed at 1,198.28 oz by 0056 GMT. […]
Gold Down on From USD, as China Halts Trade Talks + Commodities $GLD, $SLV, $USD, $PLAT, $PALL, $USO, $OIL, $SOY, $CORN, $WEAT In Asia Gold edged lower Monday, as USD held firm on news that China has cancelled trade talks with the United States, with the market also eyeing this week’s FOMC policy meeting for guidance on […]
Gold Prices Up, Easing Trade Concerns Soften USD + Commodities $GLD, $SLV, $USD, $PLAT, $PALL, $USO, $OIL, $SOY, $CORN, $WEAT In Asia Asian stocks extended gains Friday thanks to Wall Street marking all-time highs, as investors believe that the latest exchange of tariffs between the United States and China may be less damaging than initially feared. […]
Gold Prices Steady, Trade Concerns Pressure USD + Commodities $GLD, $SLV, $USD, $PLAT, $USO, $OIL, $SOY, $CORN,$WEAT In Asia Asian stocks followed global indexes higher Thursday, as investors took a less bearish view on the impact of the US-China trade war on markets, a sharp contrast to dim expectations economists had on US growth amid the […]
Gold Prices Up, as USD Eases + Commodities $GLD, $SLV, $USD, $PLAT, $USO, $OIL, $SOY, $CORN,$WEAT Gold prices edged up Wednesday, as the USD weakened despite another round of reciprocal tariffs in the US-China trade dispute. In focus 19 September 2018 Spot gold up 0.1 % to 1,199.18 oz by 0044 GMT US gold futures […]
Let’s Consider Silver’s Very Low Numbers $SLV, $GLD The Devils Metal will bounce right back up in symmetrical proportionally when the short covering begins to happen. Let’s consider silver’s numbers. The 52-wk low in specs’ silver-futures shorts was 41.5-K contracts in mid-September 2017. Getting back there would require an astounding 78.6-K contracts of short-covering buying. […]
Can, Will Precious Metals Rise From the Mat? $GLD, $SLV, $MTAFF Gold finished +0.7% to 1210.80 oz in NY Wednesday People are asking me: Can the precious metals rise from the mat? The Big A: Yes. It is important to note that when 2 of the 5 sentiment indicator shift to more positive sentiment, to […]
Q2 total supply was up 3% y-o-y, supported by production and recycling growth Q2 was the highest second quarter on record, boosting mine production by 4% y-o-y during H1 Net de-hedging of 10t in Q2 as gold price weakened; global hedgebook now 248t Recycled gold supply grew 4% in Q2, driven by Turkey and Iran […]
METALLA AND VALGOLD COMPLETE PLAN OF ARRANGEMENT $MTAFF Metalla Royalty & Streaming Ltd. (TSXV:MTA) (OTCQX:MTAFF) (FRANKFURT:X9CP) announced the successful completion of the previously announced plan of arrangement with ValGold Resources Ltd.pursuant to which Metalla has acquired all of the outstanding shares of ValGold by way of a court-approved plan of arrangement (the “Arrangement”). Brett Heath, […]
ValGold’s Shareholders Vote in Favor of Metalla’s Plan of Arrangement $MTAFF Metalla Royalty & Streaming Ltd’s (TSXV:MTA) (OTCQX:MTAFF) CEO Brett Heath said Tuesday that shareholders of ValGold Resources Ltd. voted at the annual and special meeting of shareholders of ValGold to approve the plan of arrangement between the Company and ValGold announced on 9 May […]
Looking at the DJIA Vs Gold and Silver Long Term $DIA, $GLD, $SLV, $MTAFF It is time to reduce exposure to Wall Street and shift the proceeds into Gold, Silver, the precious metals mining companies and the royalty streamers. Let us have a look at the 21st Century Bear markets. The high-tech dot.com bubble ultimately deflated […]
METALLA (OTCMKT:MTAFF) Declares a Cash Dividend $MTAFF, $MTA, $GLD, $SLV Metalla Royalty & Streaming Ltd. (TSXV:MTA) (OTCQX:MTAFF) (FRANKFURT:X9CP) announced that its Board of Directors approved and declared a monthly cash dividend payment of CAD $0.0015 per share for July, August, and September 2018 on its common shares for Q-3 + subject to any tax withholding obligations […]
Gold, Diamond Companies Joined IBM to Develop Blockchain Technology $IBM, $BRK-A, $AU Gold and diamond companies including Berkshire Hathaway (NYSE:BRK-A)Richline Group Inc joined with IBM to develop blockchain technology to track the origin of jewelry and ensure it is ethically sourced, the companies said Thursday. The joint initiative, TrustChain goal to make it easier for […]
World’s Financial Markets ‘Bloated’ with Liquidity $DIA, $GLD, $SLV As far as the market trends I usually follow went last week, nothing new in the broad stock or precious metals markets, more of the same old stuff. The Dow Jones (DJIA) made another new all-time high Wednesday, the 95th since the November 2016 election. But besides […]
Gold Rose Toward Largest Annual Gainer Since 2010 on Weakened USD $GLD, $SLV, $USD Gold extended its rally to a 3-month high last Friday, running toward its biggest 1-year rise in 7, as a softening USD, political tensions and dampened concerns over the impact of US interest rate hikes played into its rally. Gold’s gains […]
Gold Up for 3rd Day Running On US Inflation Data $GLD, $SLV, $MTAFF, $USD Gold prices rose for a 3rd day running Wednesday, and was flat Thursday, as USD weakened and US bond yields fell despite solid US economic data that reinforced expectations that the Fed will press ahead with increases to US interest rates, […]
Metalla (OTCQX:MTAFF) Now Trades on ‘The Best’ US Market $MTAFF $GLD, $SLV Metalla Royalty & Streaming Ltd. (CSE: MTA) (OTCQX: MTAFF) (FRANKFURT: X9CP) announced Monday that the Company’s common shares commenced trading on the OTCQX® Best Market, a top tier public market in the United States, under the symbol “MTAFF.” Metalla has graduated from the OTCQB® […]
Fortescue Metals Group Limited (ASX:FMG) Trading Outlook Overall, the bias in prices is: Downwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the downside. By the way, prices are vulnerable to a correction towards 5.29. The projected upper bound is: 5.22. The projected lower bound […]
Rio Tinto Limited (ASX:RIO) Charged With Fraud Anglo-Australian mining giant Rio Tinto has been charged with fraud in the US and fined £27.4m in the UK after being accused of overstating the value of African coal assets. The FTSE 100 company and two of its top former executives were charged in the US of hiding […]
Rio Tinto Limited (ASX:RIO) HEFFX Highlights “Gains from AutoHaul are already being realised including reduced variability and increased speed across the network, helping to reduce average cycle times.” The technology that enables cars to be driven without human intervention could soon become the norm on the rail tracks, after a mining company completed the world’s […]
Metalla’s(OTCQB:MTAFF)Lawrence Roulston Appointed COB $MTAFF, $GLD, $SLV Late Friday, Metalla Royalty & Streaming, Ltd announced that Lawrence Roulston, who has served on the Company’s Board of Directors since March 2017, was appointed Non-Executive Chairman of the Board effective immediately. Tim Gallagher, tendered his resignation as part of the planned transition prior to the Company’s Annual […]
Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights Fortescue Metals Group, the world’s No.4 iron ore miner, is looking to diversify its business by investing in energy infrastructure and exploring for gold and base metals, the head of the Australian company told Reuters on Wednesday. Chief Executive Neville Power who is due to step down in […]
Rio Tinto plc (LON:RIO) HEFFX Highlights When Gervais Jacques was invited to speak to the Greater Vancouver Board of Trade last week about the $6 billion modernization of an aluminum smelter in Kitimat in 2014 and 2015, the context of the discussion was free trade with the U.S. The U.S., after all, is a major […]
Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights Fortescue Metals Group chief executive Nev Power will step down in February after seven years in charge of the mining company. The world’s forth-biggest iron ore exporter said Mr Power’s decision was consistent with its long-term succession plan to enter a period of growth in other business opportunities. […]
Precious Metals Royalty Streamer Metalla Has a New Ticker $MTAFF, $WPM, $EMX, $FNV, $GLD, $SLV Brett Health, President and CEO of Metalla Royalty & Streaming Ltd. (OTCQB:MTAFF), (CSE:MTA) ,(FRANKFURT:X9CP) announced last Friday that the company it has changed it’s OTC stock ticker to (OTCQB:MTAFF) effective 22 September 2017. The Company’s primary symbol, CSE:MTA, on the Canadian […]
US President Trump Poised to Change Fed Leadership + $GLD,$SLV, $PPLT, $USD Every US President gets the chance to influence Fed policy through nominations to the central bank’s Board of Governors. But, most often, that chance is limited to a small number of nominations, 3 max, including a nomination for Chairperson. But President Trump is […]
Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights Fortescue Metals Group, the world’s fourth largest iron ore exporter, said on Friday its chief executive Nev Power would step down in February after seven years in the role. The Australian mining group did not name a successor but said it was confident of finding a replacement for Mr […]
Focus on Gold, Silver, Precious Metals Mining and Royalty Streaming $GLD, $SLV, $MTAFF, $IBM, $WMT To start this is gold’s step sum chart going back to November 2010. For almost a year (November 2010 to August 2011) gold’s step sum saw an amazing ascent; rising from 220 to 275 (55 net advancing days) in a […]
The Ways to Invest in Gold and Silver $GLD, $SLV, $ABX, $WPM, $EXCFF The experts say that owning Gold is a secure safe-have investment for protection against inflation or other economic uncertainties in anyone’s financial plans. The Big Q: What does one do to own a piece of the precious Yellow metal? The Big A: […]
Rio Tinto Limited (ASX:RIO) HEFFX Highlights Engineering firm WorleyParsons has edged fancied rivals by gaining a foothold in Rio Tinto’s proposed next big iron ore development in the Pilbara. Rio Tinto selected WorleyParsons to provide engineering services to support the feasibility study phase of the $US2.2 billion ($2.8 billion) Koodaideri project. The $31 million study […]
John Heffernans Gold Report Gold rose to its highest in over a week early Monday, extending gains from the previous session, after US Federal Reserve Chair Janet Yellen skipped any mention of monetary policy in a speech at a central bankers meeting in the United States. Spot gold rose 0.2 per cent to $1,293.96 an […]
Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights Mr Power said Fortescue is “reviewing proposals right now” for solar, and for the extension of the gas and power distribution grids near its operations as it sought to improve efficiency and environmental performance of energy supply for its mines. “They are the three key areas that we […]
Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights Fortescue Metals Group insists its new, more generous, dividend policy will be dependable despite the inevitable gyrations of the iron ore market. The company on Monday announced it would triple its full year dividend to 45 cents per share (Australian dollars) compared to last year and that it […]
Rio Tinto Limited (ASX:RIO) HEFFX Highlights Rio Tinto has hailed a more productive dialogue with the State Government as the resources industry works to improve its image with regional communities. The mining giant hosted WA Premier Mark McGowan on a tour of its Dampier port facilities this month to highlight the work being done to […]
Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights Vito Forte will next month join Edith Cowan University as its chief information officer. Until early 2015, Forte was CIO at Fortescue Metals Group before ending his four-year tenure for a position at Oracle. Prior to his stint at the resources company he was the IT chief at […]
Rio Tinto Limited (ASX:RIO) HEFFX Highlights RBC Capital Markets’ Tyler Broda turned slightly less bullish on Rio Tinto plc (ADR) RIO 1.23%by downgrading the London-listed stock rating from Top Pick to Outperform with an unchanged 4,200p price target, which implies upside from Tuesday’s opening price of 3,382.50p. One of the reasons to support a continued […]
Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights Nev Power, CEO at Fortescue Metals Group, wants to quash the wild swings in iron ore prices. Speaking at the Diggers & Dealers mining forum in Kalgoorlie, Western Australia, Power said the extreme swings in iron ore prices were being amplified by speculative futures trading, suggesting that it […]
Rio Tinto Limited (ASX:RIO) HEFFX Highlights Metal prices are likely to remain volatile for the rest of year, the boss of mining group Rio Tinto has warned, while promising investors the company can keep delivering healthy returns. The FTSE 100 miner has benefitted from a recovery in the price of iron ore, the steelmaking ingredient […]
Rio Tinto Limited (ASX:RIO) HEFFX Highlights When Rio Tinto opens the resources sector reporting season tomorrow, the focus will be on increased cash returns, not governance issues, even after Rio’s Guinea problems were upgraded to a corruption probe last week and its lead independent director recently stepped down over separate fraud charges. Investors will be […]
Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights Fortescue Metals’ future dividend is in the spotlight right now amid growing expectations the board will increase its annual payout to put its surplus cash to work. The resurgent iron ore major delivers its annual numbers on August 21 and a growing number of analysts believe the company […]
Shares of Fortescue Metals Group Ltd (FMG.AX) is moving on volatility today 5.90% or $0.32 rom the open. The ASX listed company saw a recent bid of $5.74 on 35180000 volume. Investors may be looking for the next positive catalyst to create a solid breakout. Some may be wondering when the party will end, and it remains to be seen if excess […]
Rio Tinto Limited (ASX:RIO) HEFFX Highlights Rio Tinto is poised to return more cash to shareholders next week with the miner set to unveil a healthy interim dividend and more money for share buybacks after enjoying rising commodity prices. The FTSE 100 company could increase returns to shareholders by up to $2.5bn (£1.91bn) when it […]
Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights Iron ore miner Fortescue Metals Group says it can get its cash costs to as low a $US11 a tonne in the 2018 financial year, after slashing costs by 15 per cent across 2016-17. Fortescue said on Thursday it had shipped 44.7 million tonnes in the quarter, taking […]
The Australian company shipped 44.7 million tonnes of iron ore in the June quarter, a 13% increase from the March quarter and a 3% rise from the same time last year. The company shipped 170.4 million tonnes in the 2017 fiscal year and is aiming to maintain shipments around the same level in 2018. Cash […]
Aeon Metals Ltd (ASX:AML) Highlights Shares of Aeon Metals Ltd (AML.AX) are nearing some key technical levels as the Rank Correlation indicator has trending higher over the past few sessions, nearing potential overbought territory. Crossing the 80 mark would suggest that a chance of a reversal is increasing. The Rank Correlation Index (RCI) is based […]
Fortescue Metals Group Limited (ASX:FMG) Trading Outlook Overall, the bias in prices is: Downwards. Short term: Prices are moving. Intermediate term: Prices are trending. By the way, prices are vulnerable to a correction towards 5.31. The projected upper bound is: 5.36. The projected lower bound is: 4.63. The projected closing price is: 4.99. FORTESCUE FPO […]
Rio Tinto Limited (ASX:RIO) HEFFX Highlights Rio Tinto shareholders could be set for a treat when it reveals its first half profits in August, with RBC Capital Markets saying the miner could pay a $US1 billion special dividend. The broker says Rio Tinto (RIO) is in a good position to pay out an additional dividend […]
Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights Fortescue Metals Group is set to appeal against a native title ruling which could force the company to pay millions of dollars in compensation for its Solomon Hub mine in WA’s Pilbara region. The Federal Court has granted native title to 2,700 square kilometres of land in the […]
Rio Tinto Limited (ASX:RIO) Lowers Iron Ore Forecast Rio Tinto lowered its forecast for iron ore shipments on Tuesday by up to 10m tonnes — but analysts said the revised estimate would not stop the Anglo Australian mining group returning cash to shareholders and could help support the price of the commodity. Rio said it […]
Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights THE Federal Court has found a major indigenous group in the Pilbara is entitled to exclusive native title rights over land on which Fortescue Metals has built its Solomon iron ore mine. It paves the way for a potentially massive compensation claim against the company founded by chairman […]
Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights Andrew Forrest’s Fortescue Metals Group has flagged it will add the capacity for another 20 million tonnes a year of iron ore production when it develops its next Pilbara mine, just two years after it led a controversial campaign for Australia’s big iron ore producers to cap their […]
Rio Tinto Limited (ASX:RIO) Aims To Be King It has been just over a year since Jean-Sébastien Jacques took over the reins at Rio Tinto. The 45-year-old France-born executive knows there is much more still to do to restore investor confidence in the sector. Years of profligate spending and dealmaking left the industry saddled with huge […]
Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights If the Australian Rugby Union want to kill the Western Force, they are going to have to defeat the riches of mining magnate Andrew Forrest first. The Force’s bid for survival received a massive boost on Saturday when Forrest pledged to do everything within his powers to help […]
Rio Tinto Limited (ASX:RIO) HEFFX Highlights A man has died at a Rio Tinto iron ore mine in WA’s Pilbara. The man, who police believe was aged in his early 50s was found at the Yandicoogina mine, northwest of Newman, just after midday on Tuesday. Police and Department of Mines safety officers are at the […]
Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights Fortescue Metals Group Limited share price falls 5% There is mounting speculation Australia’s third force in iron ore, Fortescue Metals Group, will hit the top end of its annual export guidance, and possibly exceed it, after a strong end to the year. But the price FMG receives for […]
Rio Tinto plc (ADR) (NYSE:RIO) HEFFX Highlights Rio Tinto shareholders have given their backing to the sale of the company’s Australian coal assets to China’s state-backed Yancoal for $2.69bn, spurning a bid by rival Glencore. Shareholders in the UK and Australia voted overwhelmingly in favour of the deal, with 97.2 per cent of a little […]
Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights Truck drivers will soon be all but a thing of the past at Fortescue Metals’ Pilbara iron ore operations, with the Andrew Forrest-led company unveiling plans to become the first miner to fully automate the majority of its haul-truck fleet. Fortescue, which operates 56 self-driving trucks at its […]
Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights The Fortescue Metals Group Limited (ASX: FMG) share price fell 4.6% to $4.52 today at around a six-month low as the iron ore price continues to drift lower. According to the Metal Bulletin iron ore currently sells for around US$56.40 a tonne which is around one quarter lower […]
Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlight Fortescue Metals G (NASDAQ:FSUGY) has earned a consensus recommendation of “Hold” from the six brokerages that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation […]
Cobalt Frenzy: Prices Surge 150% As Tech Giants Battle For Supply This super-metal is the hottest commodity on the market right now—and it’s NOT lithium. Instead… It’s a metal that early investors are eyeing as a massive opportunity. Supply is already in deficit – and that’s before the anticipated 500 percent increase in demand. It’s […]
Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights Fortescue Metals Group has launched a bond offering for US$1bn of senior unsecured notes. Proceeds from the issue will be used to pay down debt. Iron ore magnate and philanthropist, Andrew Forrest and his wife Nicola, have announced Australia’s largest philanthropic donation of $400 million for a variety […]
HEFFX Gold Report Gold prices tally highest settlement in 3 weeks Gold prices steady despite Manchester blast Key Ratio Hints Of Gold Price Breakout Gold & Carat Grand Re-Opening in South Miami Set for May 25 Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are ranging. The projected […]
Gold Marked it Biggest Gainer in 5 Weeks $GLD, $SLV, $PPLT, $PALL Gold rose on Friday marking it best week in 5 as USD softened boosting bullion’s safe-haven appeal. Spot Gold was up 0.5% at 1,253.31 oz, as of 1358 GMT in London, putting it up 1.9% on the week. US Gold futures slipped 0.1% […]
Market Volatility in Precious Metals $DIA, $GLD, $SLV Since its last all-time high seen on March 1st, the Dow has yet to break lower than -3.5% from it, or make a new all-time high. It has been a boring market. Something in me wants to see some excitement on Wall Street and Wednesday I got […]
Saudi’s Biggest Gold Mine Opens in Mecca The Al-Duwaihi Gold mine is owned and operated by the Saudi Arabian Mining Company (Ma’aden) The biggest Gold mine in Saudi Arabia is set to be launched in Mecca, it was reported last Sunday. The Governor of Mecca, Prince Khalid Al-Faisal aunched the Al-Duwaihi Gold Mine and Factory […]
Precious Metals Miners are Coming Off of the Floor $SLW, $TAHO, $TECK, $EXCFF, $GLD, $SLV Industry analysts are maintained prior price targets with upside of 20% – 45% in their Outperform ratings. Note: Wall Street analysts often assign Northside runs of 8% to 15% when it comes to well-established companies being given new or updated […]
Gold’s Price Rise Triggers Mining Stocks’ Rally $GDX, $SBLG, $GFI, $NEM, $EXCFF Just about a week ago it looked like Gold’s Y 2017 rally was running out of steam, and in danger of losing sight of the psych mark at 1,200 oz. A number of major Gold stocks which had outperformed the precious Yellow metal […]
They Call it “Monetary Policy” $DIA, $SPY, $GLD, $SLV The Dow Jones made its last all-time high on March 1st, and since then its valuation has been slowly deflating. It closed this week only nine Dow Points away from breaking below its BEV -2.50% line in the chart below. After the amazing 32 new daily […]
The Gold Miners Problem, the More They Mine, the Less There Is $ABX, $FNV, $SLW, $EXCFF, $CN.MTA There is a problem in the Gold mining business, and even the biggest mining companies cannot escape it. The more Gold they mine, the closer they are to running out. When that happens, companies scramble, do risky deals, […]
Shayne Heffernan Silver Report Silver closed down -0.015 at 16.930. Volume was 8,900% above average (trending) and Bollinger Bands were 1% narrower than normal. Open High Low Close Volume___ 16.940 16.968 16.830 16.930 510 Technical Outlook Short Term: Oversold Intermediate Term: Bearish Long Term: Bearish Moving Averages: 10-period 50-period 200-period Close: 17.71 17.37 18.01 Volatility: […]
Shayne Heffernan Gold Report Gold closed down -1.500 at 1,199.260. Volume was 8,900% above average (trending) and Bollinger Bands were 21% narrower than normal. Open High Low Close Volume___ 1,200.4101,201.9601,198.0601,199.260 1,282 Technical Outlook Short Term: Oversold Intermediate Term: Bearish Long Term: Bearish Moving Averages: 10-period 50-period 200-period Close: 1,226.77 1,213.86 1,260.96 Volatility: 7 12 16 […]
Investors Seek Safe Haven from Currency “Pain” in Gold $GLD, $EUR, $JPY, $GBP The other side of declines in the EUR, JPY and GBP in recent months has been a massive increase in gold buying as investors in Asia and Europe try to protect their wealth. The hunger for bullion is so strong that purchases […]
The Dow Jones Industrial Average Index (DJIA) an Amazing Machine $DIA, $GLD, $SLV Since November 10th the stock market has become an amazing machine relentlessly advancing ever upward. In the past sixty eight NYSE trading sessions the Dow Jones has closed at a new all-time high in twenty six of them. That’s 38% of the trading days […]
Shayne Heffernan Gold Report The World Gold Council released some interesting data this week. The Governments Central banks bought 383.6t on a net basis in 2016, 33% lower than 2015. Quarterly net purchases were strongest at the start and end of the year; Q4 saw the largest net addition to reserves with demand of 114.4t […]
The Markets as President Trump Took His Oath of Office $DIA, $SPY, $QQQ, $GLD, $SLV It’s been a month (December 20th) since the DJIA last closed at an all-time high. And since January 6th, the Dow Jones is finding breaking above its 20K line a hard nut to crack. That’s not to say the Dow […]
A Positive Look at 3 Key Players in Metals & Mining Industries $CS, $AEM, $SLW, $TECK A new Credit Suisse report takes a positive stance on some Key players in the metal and mining industries. Overall the CS analysts see improving apparent demand trends, accelerating global growth, positive earnings revisions and debt reduction as Key […]
Let’s Take a Look at Gold & Silver Bullion and Mining Shares in 2016 $GLD, $SLV I wasn’t going to write anything until next week, but reporting on the annual performance for gold and silver in the 1st week of the year feels appropriate and timely. Publishing the following table has been an annual event […]
Shayne Heffernan: Gold at $1500 in 2017 For 2017 the Gold Price looks set to rally, from the charts this may not be the bottom, but like the old saying goes, Monkeys pick bottoms. We are building a Gold position in here and expect to see Gold at $1500 in 2017. Gold closed down -33.940 […]
Gold Futures Saw 10-month Lows and Bounced $GLD Gold futures headed for the lowest closing in 10 months as investors ignored the political problems in Italy to boost stocks and other riskier assets. Monday, the S&P 500 advanced and Treasury yields rose after Italy’s vote against constitutional reform, which drove the nation’s PM to resign. […]
Donald Trump in 2017, Different Than Ronald Reagan in 1981 $DIA, $GLD, $SLV Since the November 8th Presidential election, the NYSE has seen 17 trading sessions, with the DJIA closing at new all-time highs in 9 of them. I cannot argue with success, but seeing the stock market do so well after an election does nothing […]
Key Stock Indexes, Crude, Gold and Silver Markets Briefing $DIA, $GLD, $SLV, $OIL, $USO, $CU Commentary: The US and the Japanese markets are taking a breather, the European markets are yet to find any Northside momentum. The Asian markets lack strength in here with China showing signs of fatigue at the higher marks.PE DJIA at 19121.60, […]
Key Stock Indexes, Crude, Gold and Silver Markets Briefing $DIA, $GLD, $SLV, $OIL, $USO, $CU Commentary: Stocks paused Monday, and may be setting up for a near term correction. A fall in DJIA, DAX, Nikkei and Shanghai is possible in the near term, the Nifty may try to move up but more likely will move sideways […]
Shayne Heffernan Gold Report Gold closed down -0.020 at 1,215.990. Volume was 8,900% above average (trending) and Bollinger Bands were 69% wider than normal. Open High Low Close Volume___ 1,216.0101,216.9401,215.8101,215.990 91 Technical Outlook Short Term: Oversold Intermediate Term: Bearish Long Term: Bearish Moving Averages: 10-period 50-period 200-period Close: 1,242.44 1,280.85 1,280.39 Volatility: 18 16 19 […]
Gold Shines at Dubai Week in China DMCC, Dubai’s Government authority on trade, enterprise and commodities and the world’s number one Free Zone, concluded Dubai Week in China, Shanghai, with three significant commodity trade agreements and its “Made for Trade. Together” in Shanghai Forum. DMCC’s event attracted over 130 senior government officials, business leaders and […]
Investors Find Themselves in a Seller’s Market, October Surprise? $DIA, $DXY, $GLD, $USO, $GBPUSD Tuesday could be unofficially declared as the seller’s market across the financial arena with major equities and currencies all encountering heavy selling momentum during trading on Tuesday. The only asset class that to benefit was the Buck, which has spiked to 7-month […]
Economic Watch Shows China’s Economy is Stable China’s rising M-M inflation and narrower decline in producer prices in August have provided fresh evidence of a steadying economy, experts said. China’s consumer price index (CPI), a main gauge of inflation, rose 0.1% in August on a M-M basis, the National Bureau of Statistics (NBS) announced last […]
Gold Bull Sees Price Up 44% By Year’s End $GLD, $SLV, $GG, $MUX Gold Bull Robert McEwen seeing Gold’s price up as much as 44% by the end of the year as confidence in the US economy fades. The precious Yellow metal could trade in a range of 1,700 – 1,900 by the end of […]
Records the highest Year-To-Date volumes since inception, growing 43% from last year. Records the highest Open Interest positions on 29th August valued at over US$ 8 billion. Introduced extremely low-latency solutions for overseas market participants. Now provides full-depth market data to support sophisticated trading strategies. Volumes on the Dubai Gold and Commodities Exchange (DGCX) touched […]
September Copper Falls to 2 Month Lows $CUPM Copper (NYSEArca:CUPM) futures fell to the lowest in 2 months after stockpiles surged and Barclays Plc flagged concern over growth in China, the world’s biggest consumer. Inventories tracked by exchanges in Shanghai, London and New York climbed 5 straight days last week to the highest since May. […]
Shayne Heffernan Gold Report Gold looks weak in here and there are buying opportunities below $1330. Overall, the bias in prices is: Upwards. Short term: Prices are stalling. Intermediate term: Prices are ranging. The projected upper bound is: 1,379.15. The projected lower bound is: 1,298.22. The projected closing price is: 1,338.68. Gold closed down -0.630 […]
Shayne Heffernan Gold Report: Buy the Dips Overall, the bias in prices is: Upwards. Short term: Prices are stalling. Intermediate term: Prices are trending. The projected upper bound is: 1,578.45. The projected lower bound is: 1,296.64. The projected closing price is: 1,337.54. Candlesticks A black body occurred (because prices closed lower than they opened). During […]
Total gold demand stood at 1,050 tonnes in April-June period, an increase of 15 percent compared with the second quarter of 2015. That took first-half demand to 2,335 tonnes — which was the second highest level for that period and not far from the record 2,371.5 tonnes seen in 2013. Investment demand surged 141 percent […]
Shayne Heffernan Gold Report $1500 Dollars on the Horizon Recently at HEFFX we closed on a major Gold reserve in the USA adding to existing reserves in South East Asia. Our outlook for Gold at HEFFX is $1500 but it is easy to see a run to $2000 in here, remember during the last big […]
HEFFX Acquires Gold Site, Eyes Australian Listing HEFFX has increased their bets on the long term growth in Gold by acquiring a site in the USA in conjunction with American/Japanese backed Toea. The Partnership will co-develop a site, details Expected 1.7m Ozs Gold Reserve • 480 contiguous acres • 300 Million tons+ of Gravel & […]
Teenage US Shooter Wins Olympic Gold Medal Virginia Thrasher, 19 anni, from the United States won the women’s 10m air rifle with 208.0 points at the Rio Olympic Shooting Center Saturday, claiming the very 1st Gold Medal at the 2016 Olympics. Du Li and Yi Siling, both from China, took home the Silver and Bronze […]
Shayne Heffernan Gold Report Gold looks to be heading over $1400 in here. Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 1,405.51. The projected lower bound is: 1,322.34. The projected closing […]
Gold Trading in Dubai Hits New Record Volumes on the Dubai Gold and Commodities Exchange (DGCX) crossed over 11Mn contracts this year, growing 49% from last year. The overall volumes in July 2016 touched 1,674,268 contracts, registering a massive year-on-year(Y-O-Y) increase of 47%, driven largely by elevated trade volumes across precious metals, currencies, equities and […]
Key World Stock Markets Briefing $DIA, $DAX, $GLD, $SLV, $USO, $OIL Disappointment over the central banks’ actions in the last week resulted in the markets’ risk off stance and a certain amount of selloff. The search for a new trigger is on but nothing significant is seen just now. DJIA at 18313.77, -0.49% is seeing […]
Precious Metal trading & warehousing Global Markets offering includes the sale, storage, management and delivery of the following precious metals: Gold – XAU Silver – XAG Platinum – XPT Palladium – XPD The physical offering is inclusive of both unallocated and allocated accounts. Unallocated accounts are typically used to build positions which can be later […]
Key World Stock Markets Briefing $DIA, $DAX, $GLD, $SLV, $USO, $OIL At the time of this report, Thursday, 29 July 3:56a EDT, the US major market index futures are flat to unchanged, with a Bearish Bias. Weak inflation data and the huge fiscal stimulus have increased the pressure on BOJ to create a positive surprise […]